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  • The holiday shopping season got off to a surprisingly solid start, with Black Friday sales up 3% (or 11%) from a year ago.  [View news story]
    Even if that's true, sentiment is so bad that any positive headlines will fuel a rally today. Traders won't delve into the details -- they'll just buy.


    On Nov 30 05:30 PM Mr. EB wrote:

    > If you read the ShopperTrak estimate methodology on their website,
    > they emphasize counting retail foot traffic. Obviously in this retail
    > environment, old estimates based on how many people went out for
    > Black Friday and correlation to actual total spending dollars is
    > tenuous at best.
    >
    > I mean ShopperTrak said retail sales were UP y/y September and October,
    > and down tiny in November, give me a break.
    >
    > Meanwhile, Mastercard Spendingpulse which is based on actual spending
    > data from their credit card users, NOT estimates counting foot traffic,
    > shows deep double digit y/y declines in sales dollars.
    Dec 01 02:47 am |Rating: +3 0
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